SKT Sky Network Television Limited.

[flyer]

Down and touched 40c. If I had to stay home to isolate then SKY would be a no brainer to have ( which I do).
Disc: hold shares and will get more at these prices.

[blackcap]

Down and touched 40c. If I had to stay home to isolate then SKY would be a no brainer to have ( which I do).
Disc: hold shares and will get more at these prices.

I just topped up some more at 41. Seems too good a price to ignore.

[moimoi]

The $100M bond due in 12 months potentially unable to be refinanced in full in the current volatile credit environment....

[Ogg]

The $100M bond due in 12 months potentially unable to be refinanced in full in the current volatile credit environment....

They make more than that every year.

The issue is that all sports events maybe canceled for the next year.

https://www.nzherald.co.nz/sport/new...ectid=12316374

[moimoi]

Profit for the 6 months to 31 December 2019 was $11.8M

It will be even less than that in the second half as increased programming costs kick in...

[Ogg]

Profit for the 6 months to 31 December 2019 was $11.8M

It will be even less than that in the second half as increased programming costs kick in...

EBITDA is 240m.

Debt isn't an issue. Borrowing costs are dropping too.

[Ogg]

The problem is, in a downturn, will people pull back on spending like paid TV and just stick to regular free to air TV.

Also, if the entire rugby season is canceled will everyone drop sky?


Dicsl: Non holder.

[ratkin]

May as well cancel the sports channel, going to be nothing to watch

[steveb]

May as well cancel the sports channel, going to be nothing to watch

they would have thousands under contract for various time periods which would offset the subscribers jumping ship or changing plans.That is as long as Sky can enforce these contracts,and get away with it

[Sgt Pepper]

Agreed - and I am not actually 'hoping' for anything in terms of a takeover.

I am just pointing out that it is a bit of a surprise that nobody has launched a takeover offer for Sky (given the record low SP) and for companies like DAZN who are looking to enter the market...it would seem like the path of least resistence. But I could be wrong.

Nobody should be buying Sky (or any other company) based on a prayer that someone else will come along later with a juicy takeover offer. You only buy if you think the business has merits as an investment.

Sometimes a company has both underlying strong performance and additionally offers the prospect of a takeover at a premium. Tower Insurance , I believe, falls into this category